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9966 [12]
3 years ago
9

If you placed $1,000.00 in a savings account with an interest rate of 4.5%/ month versus an account with 3.75%/ month, how much

more interest could you earn in that month?
$1.25 more
$12.50 more
$7.50 more
$75.00 more
Mathematics
1 answer:
kari74 [83]3 years ago
3 0
If the rate is <span>4.5%/ month
so, it is 1000 x 4.5 ) / 100 = $45
if the rate is </span><span>3.75%/ month,
so it is </span><span>1000 x 3..75 ) / 100 = $37.5

so the answer is </span>$45 - $37.5 = <span>$7.50 more </span>
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